23 h. ago UAE ready to raise oil capacity beyond 2027 if market needs grow

The United Arab Emirates could further boost its oil production capacity after 2027 if that is what markets require, its energy minister said on Thursday, signalling a move that could propel the country to the elite club of top five global oil producers. OPEC has granted the UAE a bigger production quota this year after […]

Politics

6 d. ago Rate cut windfall for VTB may fund Russia’s state defence sector

Every 1 per cent cut in central bank interest rates gives Russia’s VTB Bank an extra 20 billion roubles ($250 million) in net profit, CFO Dmitry Pyanov told Reuters, which benefits the government as the state-owned lender plans to distribute 50 per cent of its profits via dividends – half of it to the state. […]

Politics

6 d. ago Gaza Humanitarian Foundation says two of its US aid workers injured in Gaza

The Gaza Humanitarian Foundation said on Saturday that two American aid workers had suffered non-life-threatening injuries in a grenade attack at a food distribution site in Gaza. The U.S.- and Israeli-backed GHF said in a statement that the injured Americans were receiving medical treatment and were in a stable condition. “The attack – which preliminary […]

Events

8 d. ago Thalia programme channels €330m to boost SME growth in Cyprus

The Thalia 2021–2027 Cohesion Policy Programme is currently Cyprus’ most ambitious effort to support small and medium-sized enterprises (SMEs), with a total budget of €1.8 billion, including €969 million from the European Union and €842 million from the national government. So far, calls worth €330 million have been launched under the programme, offering grants to […]

Politics

8 d. ago Parliament considers law granting Cyprus government expanded deportation powers

Parliament considers law granting Cyprus government expanded deportation powers  Philenews

Politics

9 d. ago Avalanche (AVAX) slides 7.2%, still eyeing $22.50, but this token’s near

Avalanche (AVAX) fell 7.2% last week to $16.86 during a market correction but remains bullish overall. Analysts expect a possible rebound to $22.50 and even a 90% rally toward $32, supported by a 380% surge in large holder inflows and rising network activity. Technical signals like a bullish MACD and strong support near $16–$17 back […]

Politics

9 d. ago Government defends Nicosia spending, denies accusations of unjust distribution of funds

Following critical statements by the municipalities of Strovolos and Lakatamia, the government has rejected accusations of unfairly allocating funds from its €1 billion development scheme, denying claims of favouritism toward Nicosia’s city centre. Responding to the “unfounded claims made by the municipality of Strovolos”, the government said it had allocated funds for an energy upgrade […]

Politics

1 week ago Israel acknowledges Palestinian civilians harmed at Gaza aid sites, says ‘lessons learned’

The Israeli military acknowledged on Monday that Palestinian civilians were harmed at aid distribution centres in the Gaza Strip, saying that new instructions had been issued to Israeli forces following “lessons learned”. Since Israel lifted an 11-week aid blockade on Gaza on May 19, allowing limited UN deliveries to resume, the United Nations says more […]

Politics

1 week ago Avalanche (AVAX) DAO distributes $1.15M in grants in past—But a 3

Avalanche (AVAX) has recently announced the distribution of over $1.15 million in ecosystem grants through its DAO, supporting various DeFi and NFT initiatives across its network. The goal of these grants is to encourage innovation, strengthen infrastructure, and reward developers pushing the boundaries of blockchain utility. By funding these early-stage ideas, Avalanche (AVAX) hopes to […]

Politics

1 week ago Immigrants scramble for clarity after Supreme Court birthright ruling

The US Supreme Court’s ruling tied to birthright citizenship prompted confusion and phone calls to lawyers as people who could be affected tried to process a convoluted legal decision with major humanitarian implications. The court’s conservative majority on Friday granted President Donald Trump his request to curb federal judges’ power but did not decide the […]

Events

2 w. ago Supreme Court limits power of judges to block Trump’s birthright citizenship order

The U.S. Supreme Court dealt a blow on Friday to the power of federal judges by restricting their ability to grant broad legal relief in cases as the justices acted in a legal fight over President Donald Trump’s bid to limit birthright citizenship, ordering lower courts that blocked the policy to reconsider the scope of […]

Events

2 w. ago EC awards €2 million to Cypriot civil society organisations in

The European Commission on Thursday announced its approval of 15 new grants worth over €2 million to support civil society initiatives across Cyprus. The funding is part of the ninth round of the Cypriot Civil Society in Action programme, launched in 2024, aiming to support civil society and “contribute to promoting the reunification of Cyprus”. […]

Events

2 w. ago Cyprus Special Defence Contribution And Deemed Dividend Distribution – The Controversy, And The Reform Ahead

Cyprus Special Defence Contribution And Deemed Dividend Distribution – The Controversy, And The Reform Ahead  Mondaq

Politics

2 w. ago $320 M Solana (SOL) whale transfer sparks hype — Might a sub $0.10 coin ride that same wave?

A recent $320 million Solana (SOL) transfer to a new wallet has sent traders into alert mode. On-chain analysts are tracking the massive move, speculating whether it signals distribution, consolidation, or positioning ahead of a major event. Whale activity of this scale rarely happens without intent—and while Solana’s native infrastructure has been the staging ground […]

Sport

2 w. ago Cyprus approves €50,000 emergency aid for victims of Damascus church attack

The council of ministers has approved an emergency grant of €50,000 to help the families affected by the June 22 terrorist attack at Mar Elias church in Damascus. In a statement issued on Wednesday, the ministry of foreign affairs said the aid will be channelled through the Greek Orthodox Patriarchate of Antioch. The money will […]

Events

2 w. ago Avalanche (AVAX) set to extend losses as open interest drops, new Crypto coin promises 33x upside

Avalanche (AVAX) is struggling to hold ground, trading just above a critical $18.50 support level after hitting a two-month low. Open Interest in AVAX derivatives has plummeted to a 30-day low of $441 million, signaling fading trader confidence.  In the meantime, Mutuum Finance (MUTM), a rising DeFi altcoin, is capturing attention with its Phase 5 […]

Politics

2 w. ago Nicosia municipal pool not raising prices, limits opening hours

The Nicosia municipal pool is set to reopen on Friday, June 27 and will continue to operate daily until mid-September 2025 between 10am and 6.30pm. According to the municipality, children up to five years of age will be granted entrance for free. The regular price for adults is €6.00, students and soldiers will get reduced […]

Politics

2 w. ago AI adoption grows but critical thinking remains vital, expert says

Artificial Intelligence is no longer a futuristic concept but a working reality already embedded in the operations of businesses across Europe, Cyprus included,according to Monica Odysseos, head of the AI and Data Lab at Grant Thornton Cyprus. “Artificial Intelligence is not a distant promise. It is already present in the everyday operations of businesses,” she […]

Politics

2 w. ago Palmas honours WWII volunteers, says freedom must never be taken for granted

The defence of Cyprus’ territorial integrity and the protection of its values and ideals were never given, Defence Minister Vasilis Palmas said on Sunday, speaking at a memorial event in Anarita honouring Cypriot volunteers of the Second World War. Palmas said the ceremony served as a reminder that the freedom enjoyed today “must never be […]

Politics

3 w. ago Deputy research ministry handed out funds without due diligence, report says

The deputy research ministry handed out funds without conducting the correct due diligence, an audit office report released on Tuesday said. The report cited funds allocated to the research and innovation foundation, which, it said, was paid “without an internal control mechanism”, while also highlighting a grant which was paid to the institute of neurology […]

Politics